Sri Lanka and Vietnam intend to increase annual bilateral trade to one billion dollars by 2030, President Anura Kumara Dissanayake announced today (08).

The decision was made during bilateral discussions held between himself and the visiting Vietnamese President, he said. 

President Dissanayake further invited Vietnamese investors to explore investment and business opportunities in priority sectors of renewable energy, logistics, infrastructure development, tourism and manufacturing. 

He also announced that Vietnam has agreed to donate 100 metric tonnes of Urea and superphosphate fertilizer to Sri Lanka to further develop the Agricultural Sector. 

The President further announced the official launch of direct flight services between Colombo and Ho Chi Minh City/Hanoi this year.

The President made the announcement while addressing a joint press conference with the visiting President of Vietnam and General Secretary of the Communist Party of Vietnam, To Lam. 

Sri Lanka and Vietnam also signed five Memoranda of Understanding (MoU) in the fields covering information and communication, culture, religion, science and technology. (Newswire)

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